Reading recommendations for tenants

[Tanya Andrade]

Hi. I just purchased a 4 unit in Rhode Island. I have an insurance walk through in a few days. Any suggestions how to help the tenants get ready. 2nd question any reading recommendations on general tenant issues.

[Simcha Davidman]

Hi @Tanya Andrade welcome to BP and good luck/congrats!

Usually, a letter to the tenants explaining that there will be a new owner (and new management?) will be taking over on x date is appropriate. Are leases in place, or are the tenants mtm (month to month)? Do you plan on keeping all the tenants in place?

Also, note that a lot of owners prefer to have some sort of buffer between them and the tenants. Whether that's an actual third party property management company or just the owner introducing herself as property manager instead of owner or saying that she represents the owner without actually stating that she herself is the owner is a decision you should consider.

As far as reading, Brandon Turner's rental book is great and there are others, of course. If you google it or search the forums for something like "tenant books" you may get some good hits.

Good luck!